Albania recorded a Current Account deficit of 6.30 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Albania averaged -5.61 percent from 1980 until 2018, reaching an all time high of 2.24 percent in 1999 and a record low of -15.70 percent in 2008. This page provides - Albania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Current Account to GDP - values, historical data and charts - was last updated on June of 2020.

Current Account to GDP in Albania is expected to reach -6.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Current Account to GDP is projected to trend around -5.80 percent in 2021 and -5.60 percent in 2022, according to our econometric models.

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The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.